Two institutional investors, Lazard Asset Management and Swiss Finance, have sold shares worth over Rs 100 crore in Satyam, open-market transaction data from stock exchanges showed today.
Two institutional investors, Lazard Asset Management and Swiss Finance, have sold shares worth over Rs 100 crore in Satyam, open-market transaction data from stock exchanges showed today.
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Lazard Asset Management sold a total of over 3.57 crore Satyam shares on the Bombay Stock Exchange and the National Stock Exchange for an aggregate of nearly Rs 77.67 crore in various bulk deals.
Another institutional investor Swiss Finance Corporation (Mauritius) offloaded 1.08 crore shares of Satyam totalling over Rs 23.36 crore through a bulk deal on the exchanges.
Besides, day traders also made hay gaining to the tune of nearly Rs 11 crore from the transactions in the scrip on the bourses.
The brokers which gained today by trading in Satyam stocks are Adroit Financial Services and Transglobal Securities.
The data about the broker deal is according to the bulk deals information available on the National Stock Exchange.
Transglobal Securities bought 34.10 lakh shares at a price of Rs 21.51 per share and then sold 34.33 lakh shares at a price of Rs 21.57 a piece, cornering a gain of Rs 7.02 lakh in a single day.
Besides, Adroit Financial Services bought 46.52 lakh shares at Rs 21.76 a piece, while it sold 46.85 lakh shares at Rs 21.69 per piece, thereby making gains as much as Rs 3.90 lakh.
Crisis ridden Satyam settled the trade today at Rs 20.30, down over 32 per cent on the bourses. During the day, the stock had dipped 36 per cent to an intra-day low of Rs 20 on the BSE.
While on the NSE it witnessed a low of Rs 19. The stock was one of the most traded counters on the bourses as over 15.69 crore shares got traded on the bourses.
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